Hi trader! Welcome to our newsletter, a place where we provide the market latest developments, news, educational content, and valuable information. Let's dive into this week's recap!
- Microsoft Stock Hits All-Time High After OpenAI Shake-Up. Shares in Microsoft rallied to an all-time high on Monday, after the company hired Sam Altman, after he was fired by OpenAI.
- Nvidia’s Revenue Triples in Ongoing AI Chip Boom. Nvidia shares dropped 2% in after-hours trading on Tuesday despite beating Wall Street predictions in its fiscal Q3 results. The company expects a negative impact in the next quarter due to export restrictions in China and other countries.
- Sam Altman Returns as OpenAI CEO. Less than a week after being ousted as CEO of OpenAI, Sam Altman has agreed to return to the company he founded. The move comes after several changes were made to the board that voted to remove Altman from his post last Friday.
- S&P 500 Nears 3-Month High Following Thanksgiving Holiday. The S&P 500 hovered near a multi-month high on Friday, as U.S. traders returned following yesterday’s Thanksgiving holiday.
This Thanksgiving, we're thankful for a great year at Tradeview in 2023. We hit big milestones, took part in important events like the Finance Magnates London Summit, Investing Rome, and Smart Vision Investment Expo, and were recognized as the 'Lowest Trading Cost Broker.' Plus, we proudly sponsored both the men's and women's teams of the Leicester Tigers.